New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-10-16
mat CALIFORNIA LAND BOOM

ARE PROPERTY VALUES INFLATED 7 - WHY TIE
urR,ID MAY BF IEREsTED ~ DEPRl CiATING
THEM.
while Chauncey Depews talk about tho possibility
that land he carried too far Ia under general
discussion here is point that will interest everybody
IL Is suggested by The Sacramento record Uon In the
course OF criticism on the statements made In
IN, Netr York Hrrqd about the southern california land
boom The Reco,d Union declares that these statements
are made ny correspondent at seems to Indicate MI
Charles Nordhof who has personal interest IN dnmag
ing property value, In southern California In orier TO
boom a colony NJ En.enada whore he owns thousand
Acre. OF Lana. says The RorOrf- Union:
81. true sis alleged competent authority. that
The Hrrij esponde" owns uou,S'a a,tr'o' "nn
Soutnrru ALI oruia tao colony In which be Is inter
not t,r To seek bay 10, "h't mean ne n o,Sn
ahr 10 eul's agent OF TIE assoc ate Tio'- III tle
United states the rtnerance Of hts scheme IL an IN,
qurv which avery pho.~hrr I" - VS.
f. Interested Il t. therefore, lcti innate 'nnec OF IN,
qnrv behalf ~ such publishers ana ON oehai'
OF the public. ana w- in.tflte mat IN Mtt now
However much or .uue tlrro may u' III uli' P'es"u
ollv NOT ,nuch tie point Thr Ecoord Union bring, out
oonr III. proprr wav OF determining whether tho land
value. I'm the hhorhOod ~ Largo city are genuine or
inflated is OF Interest Briefly. Is that 10 valuation
above that properly belonging 10 Agricultural mnh Ought
TO attach 10 outlying lots In any place where moro
nnt, divided up into lots than would De required
at tho rate OF persons to the acre Tor inc ehFe
population OF the town. This Is the way me A''o'"-
/ u. on argues II out:
W,Jo moi believe that tho $4,000 acres. immet'atev
ADJOINING L's Angeles ~hich h"Vo oeen u'i i NV, I'm
, town l,i. can maintain toNu~e Ntlhc' WIN Ies' t"'
two millions OF population CaIrth eNanin won .,
no fr,a from snnrent data couyinres ~ that whatever
land leaves the category o aCrcultnrn ahd or IAN" 10
yo,I to the protnctuns tao ,o AID enters tie '"'o
cory ~ towuste prone ty. or land wherein tho vaue
dependent upon It. 40 rccuvo u'e "a space mpuul
IA. surface OF the EARTH ihdl requires
nj least twenty persons 20 tne acre To m''n
min such values or place these hsuies III dlHrrrn
form twenty thousand people viii malhldh Io"n'Nu'
valuation pon n-slir area equal 10 one 'h""shno
ares Here 10 our rN ot Sdcrdlnrhto own NC
prnnerV valiafl1us are mainline ipOh thi. ""'l'
San Francisco. city OF Joo"oo lhh"u''"n' ,
tovn-..tr values arc maintained over An 't'< el"l
+, 600 acres similar Ompetttlon, WIN reicrcHrr |.
o;her ,lt,e, and towns IN talurnia cte' IN mo E''V
ern rates. and TIC cty of London nave Oceh nsd
and IN. re lt. obtained iI>tif the erection al ue s'p
arI Of twrn,r prr.op. % tho acre Tho .ly 81 oan
Tryo embrace. nearly 10000 acres AprlYihS lhe com
mutation u twenty person, TO ia. acre 'ooOoo lnha
if.rfs VIII he required to mdiGthn Town sue
nropsrty values this vast extent 81
land Every earnest. sonei anu patriotic consul
er,fon urges a protest against this condlOh c"h"o
resn otherwise thau dsastrOusy 10 Tue ncs an t"rs
Interests OF the prOpo OF tins state IL II being FRO
motr,l nanrsona6ly real estate boo cr,. brokers
and agents who have personal pecunlary mo lFos u
view or tho hand. tue attempt 20 Destroy u'
read value property In lo' Angeles san Diego am
SAN Brlnarlino tountes b, parties Interested In Mex
ican colony Il fully reprehon~hls "a the mos
scounre is real scheme over founded In talseheo
aud pet petrAtcd In fraud